Bitcoin price found support near $ 43,800 and started rising again. BTC surpassed the resistance levels of $ 45,500 and $ 46,000. It is currently (12:08 UTC) showing positive signs but needs to clear $ 46,700 for further gains.
Similarly, most of the major altcoins started rebounding again after a brief downward revision. ETH climbed back above the USD 3,150 and USD 3,200 resistance levels. XRP has settled above $ 1.00 and could test $ 1.08.
Total market capitalization
After a short-term downward correction, Bitcoin price found support at $ 43,800. As a result, BTC began rising again above the USD 45,000 resistance. It even broke the $ 46,000 resistance. The main resistance is still near the $ 46,500 and $ 46,700 levels, above which the price could move further towards the $ 48,000 level.
On the flip side, initial support is near $ 45,500. The first major support is now forming near the USD 45,000 mark. Further losses could potentially lead the price towards $ 43,800.
The Ethereum price stayed well above the $ 3,000 support level. ETH started another spike and climbed above the USD 3,150 resistance. The bulls even drove the price above $ 3,200. If the current trend remains intact, the price could move towards USD 3,350.
If it declines again, the bulls could remain active near the $ 3,150 mark. The next big support is near $ 3,080, below which price could revisit the $ 3,000 support.
ADA, LTC, DOGE and XRP prices
Cardano (ADA) outperformed Bitcoin and Ethereum with a significant move above the USD 2.00 resistance. It also outperformed Tether (USDT) and is the third largest crypto asset by market cap ($ 65 billion). ADA gained nearly 15% and it looks like it could test $ 2.10. The next major resistance is at $ 2.20, above which the price could test $ 2.40. On the downside, initial support is close to the $ 2.00 level followed by $ 1.98.
Litecoin (LTC) is up nearly 7%, topping the $ 180 mark. The current price action suggests that the price may test the $ 192 resistance level. The main hurdle for the bulls to move up is near the $ 200 mark. On a downward correction, the $ 172 level can potentially serve as support.
Dogecoin (DOGE) broke the USD 0.275 and USD 0.280 resistance levels. The price could even cross the $ 0.288 resistance and accelerate towards the $ 0.300 level. Conversely, the price could potentially decline towards the USD 0.265 support level.
XRP price started rising again after a short-term downward revision below $ 0.980. The price is back above $ 1.00 and even tested the $ 1.05 resistance. The next major resistance is at $ 1.10, above which the price could move towards $ 1.20.
Different Altcoins Market Today
Many altcoins are up over 5%, including QTUM, SNX, GRT, SUSHI, VGX, MKR, AVAX, WAVES, FTM, CHZ, XLM, DCR, SOL and DGB. Of these, QTUM rebounded over 15% and broke the USD 12.00 resistance.
In summary, the Bitcoin price is back in positive territory above USD 45,500 and USD 46,000. If BTC levels off above $ 46,700, it could continue to rise in the upcoming sessions.
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